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A one - year long forward contract on a non - dividend - paying stock is entered into when the stock price is $ 3

A one-year long forward contract on a non-dividend-paying stock is entered into when the stock price is $36.2 and the risk-free rate of interest is 4% per annum (cont. comp). What is the value of the forward contract 8 months later if the price of the stock is $38.5 and the risk-free rate interest rate is still 4%.
(round to the nearest 0.01)
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